Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.066%

Price spread now: Gate against Phemex0.000%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now 0.000%, 7d avg +0.017%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	234.77	0	get 0.0000% / 8h	35m 46s	$1.6M	$968K	10x
Short	Gate NBIS_USDT	234.77	0	get 0.0000% / 8h	35m 46s	$2.8M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.017%: −$1.68
Slippage, 4 orders: −$90.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.53
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	2.34 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.41 bp	16.0 bp −$16	56.2 bp −$562	291.9 bp −$29.2K	doesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	0.0000%	8h	234.79	+0.009%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.84	+0.030%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	234.77	0.000%	$2.8M	$5.3M	50x
Bitget NBISUSDT	0.0000%	8h	234.78	+0.004%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.78	+0.004%	$862	$1.8M	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.430%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.66	−0.047%	$15K	$115K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	234.77	long leg	$1.6M	$968K	10x
Vest NBIS-USD-PERP	+0.0046%	1h	234.86	+0.038%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.75	−0.009%	$148K	$707K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	234.77	0.000%	$38	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.74	−0.013%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.49	−0.119%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.73	−0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.71	−0.024%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0176%	1h	234.70	−0.030%	$35K	$48K	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	234.62	−0.066%	$28K	$63K	3x	as long as short
Ondo Perps NBIS-USD.P	+0.0190%	1h	234.39	−0.162%	$174K	$498K	10x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.78	+0.006%	$2.9M	$822K	—	as long as short
BloFin NBIS-USDT	+0.0219%	8h	234.80	+0.013%	$207K	$214K	20x	as long as short
Aster NBISUSDT	+0.0221%	8h	234.51	−0.112%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.74	−0.014%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0235%	8h	234.79	+0.009%	$19.4M	$86.4M	25x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	−0.149%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.50	−0.114%	$24K	$13K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.74	−0.013%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0275%	1h	234.80	+0.013%	$54.8M	$23.4M	10x	as long as short
Lighter NBIS	+0.0368%	1h	234.88	+0.047%	$936K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.62	−0.064%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0491%	4h	234.49	−0.120%	$38K	$234K	10x	as long as short
Entropy io:NBIS	+0.0515%	1h	234.65	−0.051%	$10.3M	$3.3M	10x	as long as short